Bloomberg has released an article discussing the major economic risks facing the world due to the ongoing war in Ukraine, escalating inflation, and the rising costs of fuel and basic commodities. The piece includes insights from three prominent market experts on potential future risks over the next five to ten years.
Abby Joseph Cohen, former strategist and current professor at Columbia University, expresses concern over the lack of skilled labor and the insufficient educational development of youth who will fill future scientific, medical, and engineering roles. Cohen emphasizes the importance of investing in research, training, and education, and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of FTX, warns of a more severe virus potentially causing worse outcomes than the previous pandemic, highlighting the lack of preparedness. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization, with nations prioritizing self-sufficiency in food and energy supplies to mitigate the impact of volatile global markets
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